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  • Originally posted by Deutsche Gopher Fan View Post
    With interest rates, many of us may now be in our forever homes even if we didn’t think this was it- so settle in (insert smiley emoji)
    I have a couple regrets (but not many) in my life: buying a right sized home for my wife and I at the time and not something bigger is the leader of those.

    On the other hand, both times my wife has been out of work since 2020 we've been okay financially, so maybe it's a blessing to have a slightly smaller house?
    “Demolish the bridges behind you… then there is no choice but to build again.”

    Live Radio from 100.3

    Comment


    • Originally posted by aparch View Post

      I have a couple regrets (but not many) in my life: buying a right sized home for my wife and I at the time and not something bigger is the leader of those.

      On the other hand, both times my wife has been out of work since 2020 we've been okay financially, so maybe it's a blessing to have a slightly smaller house?
      I've sometimes regretted not "upselling" from our original house in MA, but it did allow us to buy a second home near a lake in western Maine. Now the primary house is paid off and vacation home will be fully "owned" in January. We've made so many wonderful family memories at the lake.

      Interesting to think about how much house one really needs (I vaguely remember George Carlin doing a bit on this). We did perfectly fine raising 3 kids in a 3 bedroom house with 1 1/2 bathrooms. We just made it work.
      Last edited by RENCEB; 10-23-2023, 08:11 PM.
      Cleverly disguised as a responsible adult

      Comment


      • Originally posted by Deutsche Gopher Fan View Post
        With interest rates, many of us may now be in our forever homes even if we didn’t think this was it- so settle in (insert smiley emoji)
        If being "trapped" in my current house means being trapped with a 2.5% rate, I can live with that.

        Cornell '04, Stanford '06


        KDR

        Rover Frenchy, Classic! Great post.
        iwh30 I wish I could be as smart as you. I really do you are the man
        gregg729 I just saw your sig, you do love having people revel in your "intelligence."
        Ritt18 you are the perfect representation of your alma mater.
        Miss Thundercat That's it, you win.
        TBA#2 I want to kill you and dance in your blood.
        DisplacedCornellian Hahaha. Thread over. Frenchy wins.

        Test to see if I can add this.

        Comment


        • Originally posted by Swansong View Post

          Yeah, I had/have no intention of moving any time soon (gf and I plan to be here another 10-15 years at least), but with a 2.99% rate on a 30-year fixed, we're going to cling to that like grim death. On the bright side, we've been absolutely dumping money into the mortgage and - if we stopped paying extra today - are 88 months ahead of schedule.

          We did the math on 30 year vs. 15 year payments, and decided to go with the 30 but pay extra principle each month to make the payment, effectively, that of a 15 year loan. That way we can get it payed off early but have some runway in case finances change. We're both incredibly lucky to have worked in industries that remained in demand (healthcare IT for me, and vitamins/healthcare woo for her) during Covid.
          I don't mean to be abrasive, but what in the good **** are you doing paying off a mortgage early???! Put that extra money into VTSAX or even a CD for god's sake.
          Code:
          As of 9/21/10:         As of 9/13/10:
          College Hockey 6       College Football 0
          BTHC 4                 WCHA FC:  1
          Originally posted by SanTropez
          May your paint thinner run dry and the fleas of a thousand camels infest your dead deer.
          Originally posted by bigblue_dl
          I don't even know how to classify magic vagina smoke babies..
          Originally posted by Kepler
          When the giraffes start building radio telescopes they can join too.
          He's probably going to be a superstar but that man has more baggage than North West

          Comment


          • Originally posted by dxmnkd316 View Post

            I don't mean to be abrasive, but what in the good **** are you doing paying off a mortgage early???! Put that extra money into VTSAX or even a CD for god's sake.
            Eh, I throw an extra couple hundred a month towards my mortgage even though it's not the strategically correct financial move to maximize every penny. I don't want to still be paying the mortgage when I'm retired, and there's simply the mental benefit of seeing the outstanding balance going down more quickly. I don't have any other debt at the moment and I am maxing out my 401k contributions and my daughter's 529 plan each year, so I'm not going to sweat the 150-basis point difference between my mortgage and a CD.

            But then I also don't min-max my characters in video games either. I'm fine with "good enough."

            Comment


            • Originally posted by unofan View Post

              Eh, I throw an extra couple hundred a month towards my mortgage even though it's not the strategically correct financial move to maximize every penny. I don't want to still be paying the mortgage when I'm retired, and there's simply the mental benefit of seeing the outstanding balance going down more quickly. I don't have any other debt at the moment and I am maxing out my 401k contributions and my daughter's 529 plan each year, so I'm not going to sweat the 150-basis point difference between my mortgage and a CD.

              But then I also don't min-max my characters in video games either. I'm fine with "good enough."
              Wow
              Code:
              As of 9/21/10:         As of 9/13/10:
              College Hockey 6       College Football 0
              BTHC 4                 WCHA FC:  1
              Originally posted by SanTropez
              May your paint thinner run dry and the fleas of a thousand camels infest your dead deer.
              Originally posted by bigblue_dl
              I don't even know how to classify magic vagina smoke babies..
              Originally posted by Kepler
              When the giraffes start building radio telescopes they can join too.
              He's probably going to be a superstar but that man has more baggage than North West

              Comment


              • Originally posted by aparch View Post

                I have a couple regrets (but not many) in my life: buying a right sized home for my wife and I at the time and not something bigger is the leader of those.

                On the other hand, both times my wife has been out of work since 2020 we've been okay financially, so maybe it's a blessing to have a slightly smaller house?
                It's one of my two major financial regrets. I came this close to overbuying at the end of the Great Recession. I'd have been sitting pretty with a nice house in a good location hurting the banks for 30 years. On the other hand, I'll be free and clear in four years. So I'm not feeling anchored by rates and I can keep contributing to a pseudo mortgage savings/brokerage account while we wait.

                The other regret was not turning my ESPP off earlier and selling as soon as the holding period ended. That was a five-figure mistake.
                Code:
                As of 9/21/10:         As of 9/13/10:
                College Hockey 6       College Football 0
                BTHC 4                 WCHA FC:  1
                Originally posted by SanTropez
                May your paint thinner run dry and the fleas of a thousand camels infest your dead deer.
                Originally posted by bigblue_dl
                I don't even know how to classify magic vagina smoke babies..
                Originally posted by Kepler
                When the giraffes start building radio telescopes they can join too.
                He's probably going to be a superstar but that man has more baggage than North West

                Comment


                • Originally posted by dxmnkd316 View Post

                  Wow
                  I’m thinking of stopping escrow and keeping money in hysa or the 4 or 8 week t bills given the rates right now. I stuck my severance check in t-bills

                  Comment


                  • Originally posted by unofan View Post

                    Eh, I throw an extra couple hundred a month towards my mortgage even though it's not the strategically correct financial move to maximize every penny. I don't want to still be paying the mortgage when I'm retired, and there's simply the mental benefit of seeing the outstanding balance going down more quickly. I don't have any other debt at the moment and I am maxing out my 401k contributions and my daughter's 529 plan each year, so I'm not going to sweat the 150-basis point difference between my mortgage and a CD.

                    But then I also don't min-max my characters in video games either. I'm fine with "good enough."
                    Yeah, I paid off my mortgage last month. I just wanted it done. When/if I ever decide to sell, I won't have to use any of the money from the sale to pay off the mortgage. I had been putting extra money towards the principal for some time now. I did something similar with my car, on a much smaller basis but apparently it worked because I just got a copy of the title over the weekend.

                    Comment


                    • Originally posted by Scarlet View Post
                      ... because I just got a copy of the title over the weekend.
                      Thank you for the reminder that I need to see the DMV and get a clean copy of my title. It's been paid off since 2020.
                      “Demolish the bridges behind you… then there is no choice but to build again.”

                      Live Radio from 100.3

                      Comment


                      • Originally posted by dxmnkd316 View Post

                        The other regret was not turning my ESPP off earlier and selling as soon as the holding period ended. That was a five-figure mistake.
                        I sell that the second it's available, that way I get 15% regardless. Turning off, though? Why, if I may ask?

                        Cornell '04, Stanford '06


                        KDR

                        Rover Frenchy, Classic! Great post.
                        iwh30 I wish I could be as smart as you. I really do you are the man
                        gregg729 I just saw your sig, you do love having people revel in your "intelligence."
                        Ritt18 you are the perfect representation of your alma mater.
                        Miss Thundercat That's it, you win.
                        TBA#2 I want to kill you and dance in your blood.
                        DisplacedCornellian Hahaha. Thread over. Frenchy wins.

                        Test to see if I can add this.

                        Comment


                        • Originally posted by dxmnkd316 View Post

                          Wow
                          The nice thing about being a solidly upper middle class dual-income professional family is the ability to not have to worry about constantly seeking the absolute best returns on everything. Not like we can take it with us, we still have sufficient rainy day funds set aside, and I'd rather spend my time and mental energy elsewhere, so I do. And I understand that's a privilege.

                          We're fortunate enough to be at a point where we don't have to worry about maximizing everything. If we get a 5% overall return on our savings instead of 6% because I threw money at the mortgage instead of into a CD, oh well. I'm still fortunate enough to have money in savings.

                          It's not like we're spendthrifts; I drive a 7-year-old Honda CRV and most years our biggest vacation is flying to Vegas on Southwest to visit my parents for Thanksgiving. And we absolutely had our penny-pinching moments for the first decade after law school when we had student loans plus two car loans plus rent and eventually our first mortgage and a baby, all on two state government salaries for baby attorneys which, I assure you, are not the same as what a first year associate in Big Law is making.

                          If a coupon is in front of me I'll use it, if things are on sale that's great and we may stock up on that to take advantage of the sale, but I'm not driving across town or hitting up three different stores just to save $2 on soda here and $1.50 on butter there.

                          Comment


                          • Question for you all - I have a chandelier over my dining room table. It came with the place when I bought it 18 years ago. It takes those lightbulbs that look like candle flames. A year or so ago, one of the receptacles you screw the lightbulb in to, well, stopped working. No lightbulb would work in it at all. I didn't do anything about it because it didn't matter too much. But now it's happened to a second one. So my question is - do you think it's worth it to find an electrician to come fix it, or just buy a new one that an electrician would have to come in and install anyway?

                            Comment


                            • Originally posted by unofan View Post

                              The nice thing about being a solidly upper middle class dual-income professional family is the ability to not have to worry about constantly seeking the absolute best returns on everything. Not like we can take it with us, we still have sufficient rainy day funds set aside, and I'd rather spend my time and mental energy elsewhere, so I do. And I understand that's a privilege.

                              We're fortunate enough to be at a point where we don't have to worry about maximizing everything. If we get a 5% overall return on our savings instead of 6% because I threw money at the mortgage instead of into a CD, oh well. I'm still fortunate enough to have money in savings.

                              It's not like we're spendthrifts; I drive a 7-year-old Honda CRV and most years our biggest vacation is flying to Vegas on Southwest to visit my parents for Thanksgiving. And we absolutely had our penny-pinching moments for the first decade after law school when we had student loans plus two car loans plus rent and eventually our first mortgage and a baby, all on two state government salaries for baby attorneys which, I assure you, are not the same as what a first year associate in Big Law is making.

                              If a coupon is in front of me I'll use it, if things are on sale that's great and we may stock up on that to take advantage of the sale, but I'm not driving across town or hitting up three different stores just to save $2 on soda here and $1.50 on butter there.
                              I'm right there with you on the coupon and sale front. We stock up on items if they're on sale and buy limited quantities of things that aren't. But yeah, screw that, we're not going 30 minutes out of our way to save a buck.
                              Code:
                              As of 9/21/10:         As of 9/13/10:
                              College Hockey 6       College Football 0
                              BTHC 4                 WCHA FC:  1
                              Originally posted by SanTropez
                              May your paint thinner run dry and the fleas of a thousand camels infest your dead deer.
                              Originally posted by bigblue_dl
                              I don't even know how to classify magic vagina smoke babies..
                              Originally posted by Kepler
                              When the giraffes start building radio telescopes they can join too.
                              He's probably going to be a superstar but that man has more baggage than North West

                              Comment


                              • Originally posted by dxmnkd316 View Post

                                I don't mean to be abrasive, but what in the good **** are you doing paying off a mortgage early???! Put that extra money into VTSAX or even a CD for god's sake.
                                Because debt is prison. Like unofan says, I'm not trying to squeeze every extra penny out of everything. I want to pay off my mortgage as soon as possible, regardless of interest rate, and be debt free by the time I'm in my mid 50's.
                                I gotta little bit of smoke and a whole lotta wine...

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